Mariner Energy, Inc. announced that drilling is complete on its Surge prospect, a deepwater exploratory well located on Garden Banks Block 334 in the Gulf of Mexico. The well was successfully drilled to a total depth of approximately 15,000 feet but failed to encounter hydrocarbons in commercial quantities and was plugged. Mariner operated the well [...]

The American Energy Group, Ltd. announced that Hycarbex-American Energy, Inc. has updated its scheduling for the construction of its surface treatment facility for its Haseeb #1 Well and for its new exploratory well on Yasin Block (2768-7). The American Energy Group, Ltd. owns an 18% gross royalty in the Yasin Block (2768-7) Concession, including the [...]

Friendly Energy Exploration. announces that it has acquired ten natural gas drilling sites and optioned forty additional sites located in the Molly Murphy Gas Field, Crockett County, Texas.
The company will be targeting the Wolfcamp Sand structure, which is determined to be located near the 5500-foot depth zone. Based upon production figures of wells in the [...]

Uranium Resources, Inc., a uranium exploration, development, mining and production company, today announced that the Mining and Minerals Division of the New Mexico Energy, Minerals and Natural Resources Department granted URI a permit to conduct exploratory drilling in the Ambrosia Lake area, where the company has approximately 2.4 million pounds of mineralized uranium material combined [...]

Laredo Petroleum, a rapidly growing independent oil and gas company with headquarters in Tulsa, Oklahoma, today announced that it has closed a second round of equity financing of up to $300 million with Warburg Pincus LLC, the global private equity firm, along with Laredo Petroleum’s senior management team. Funding of this line of equity will [...]

Surge Global Energy, Inc. announce that its wholly owned subsidiary, Surge Energy Resources, Inc., has concluded leasing approximately 640 acres in Crane County, Texas at a cost of about $140,000. Surge plans on drilling its first oil & gas discovery well on those leases within the next 30 days at a drilling cost of approximately [...]

Repsol YPF, an international integrated oil and gas company operating in over 30 countries, today announced that the company’s advanced seismic imaging project — Kaleidoscope — has begun exploration operations in the Gulf of Mexico and Brazil.
Kaleidoscope is powered by reverse-time migration (RTM), a sophisticated subsurface imaging tool whose potential is accepted by the oil [...]

Plains All American Pipeline, L.P. announced that it has entered into a new $525 million committed hedged inventory credit facility, maturing in November 2009. Borrowings under the facility will be primarily used to finance the purchase of hedged crude oil inventory for storage activities when market conditions warrant as well as foreign import activities. The [...]

Terry Engelder, professor of geosciences in Penn State’s College of Earth and Mineral Sciences, who recently announced that the Marcellus natural gas find is potentially larger than his earlier estimates, will be a keynote speaker at the upcoming Pennsylvania Natural Gas Summit, an outreach program of Penn State. The summit will be held at the [...]

Pride International, Inc. announced that Steven A. Manz has been appointed to the position of Vice President and Chief Financial Officer of Pride’s mat-supported jackup rig business and will join the company immediately. The decision follows the appointment in September 2008 of Randall D. Stilley to the role of Chief Executive Officer of the [...]